# Advantage Capital Management

> Advantage Capital Management is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.

- CRD: 171128
- Filed as: ADVANTAGE CAPITAL MANAGEMENT
- Legal name: Advantage Capital Management LLC
- Also doing business as: ACM, ADVANTAGE CAPITAL MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: September 22, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171128
- AdvisorCensus page: https://advisorcensus.com/firm/advantage-capital-management-new-york-ny-171128

## Quick answers

**How is Advantage Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Advantage Capital Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does Advantage Capital Management's brochure say about its fees?**
Its Form ADV Part 2A brochure dated April 30, 2026 states: Asset-based fee: 0.15% to 1% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Advantage Capital Management located?**
Advantage Capital Management's principal office is in New York, NY, according to its Form ADV; the August 2025 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Advantage Capital Management registered with the SEC or a state?**
Advantage Capital Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171128.

**How much does Advantage Capital Management manage?**
Advantage Capital Management reports $8,260,036,906 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (98% discretionary).

**How have Advantage Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Advantage Capital Management: Regulatory assets under management: $4,000,000,000 in the October 2021 data and $8,260,036,906 in the October 2026 data, up 107%. Total employees: 16 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Advantage Capital Management serve?**
By number of clients on Form ADV Item 5.D: insurance companies (8); pooled investment vehicles (other than investment companies and business development companies) (5).

**Which custodians does Advantage Capital Management use?**
Advantage Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Global Markets, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Advantage Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/171128

**Does Advantage Capital Management state an account minimum?**
Its Form ADV Part 2A brochure dated April 30, 2026 says: "Regardless of client type, Advantage may seek a minimum dollar fee or a minimum mandate size in an amount typically equal to $10,000,000."

**What changed in Advantage Capital Management's recent Form ADV filings?**
In the June 2026 filing data: Registered or notice-filed in FL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated April 30, 2026)

- Asset-based fee: 0.15% to 1% a year (a range, as the brochure states it)

> Generally, Base Fees range from 0.15% to 1.00% per year on the principal amount of the assets managed by Advantage, paid monthly in arrears.

- Account minimum: $10,000,000

> Regardless of client type, Advantage may seek a minimum dollar fee or a minimum mandate size in an amount typically equal to $10,000,000.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- State Street Global Markets, LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $8,260,036,906
- Discretionary: $8,079,389,864
- Non-discretionary: $180,647,042

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $441,857,723 |
| Insurance companies | 8 | $7,818,179,183 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 2014 (12 years)
- Employees: 30 total, 26 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2025 filing
- Highland Park, IL

### Websites listed on Form ADV (Item 1.I)
- acap.com
- LinkedIn @a-cap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,000,000,000 | 16 | August 26, 2021 |
| October 2022 | $5,176,732,780 | 20 | March 31, 2022 |
| October 2023 | $5,302,383,033 | 20 | June 21, 2023 |
| October 2024 | $6,459,557,388 | 30 | March 27, 2024 |
| October 2025 | $9,301,440,152 | 26 | July 23, 2025 |
| October 2026 | $8,260,036,906 | 30 | September 22, 2026 |

Regulatory assets under management: $4,000,000,000 in the October 2021 data and $8,260,036,906 in the October 2026 data, up 107%.
Total employees: 16 in October 2021 and 30 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Registered or notice-filed in FL.

### April 2026
- Regulatory assets under management went from $9,301,440,152 to $8,260,036,906 (-11%).

### January 2026
- No longer registered or notice-filed in IL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Advantage Capital Management (CRD 171128): Form ADV filing data as of October 2026.